DCP Midstream Partners (DPM) sells $177.4M of its common units in a private placement to a group...

DCP Midstream Partners (DPM) sells $177.4M of its common units in a private placement to a group of institutional investors led by funds managed by ClearBridge Advisors, FAMCO MLP, Kayne Anderson and Tortoise Capital Advisors for $35.55 per unit. Citigroup acted as sole bookrunner for the transaction.